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The following transactions were completed by the company: a. The owner invested $18,200 cash in the company. b. The company purchased supplies for $1,300
The following transactions were completed by the company: a. The owner invested $18,200 cash in the company. b. The company purchased supplies for $1,300 cash. c. The owner invested $11,600 of equipment in the company in exchange for more common stock d. The company purchased $360 of additional supplies on credit. e. The company purchased land for $10,600 cash Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Transactions Number Cash Supplies Equipment + Land Liabilities Accounts Payable Equity Common Stock Dividends Revenue Expenses + + Balance after a and b 0 0+ 0 0. 0. D 0 . . . Balance after c d. Balance after d Balance after e 0 0. 0 0. 0 0 0 " . 0 + 0 0 0 0 . 0 . . 0 0 . 0 01. 0
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